Part-1 |
1 |
a. Material Quantity Variance= ( SQ- AQ ) X SP |
((3000X3)-AQ)X5=-2550 |
9000-AQ=-510 |
AQ=9510 |
b. Material Price variance = ( SP-AP) X AQ |
($5- $5.5)X 9510=$4755 Unfavourable |
Actual price= 52305/9510=$5.5 |
Part-2 |
a. Std Direct Labour Rate per Hour |
Labour Spending Variance= ( SR- AR)X Actual Hour |
(SR-$9.5)X 4600= -3200 |
SR=$8.80 |
AR=43700/4600=9.5 / Hour |
b. Std Hour Allowed |
Labour Efficiency Variance= ( Std Hour Allowed- Actual Hour) SR |
-900=(Std Hour Allowed-4600)X $8.80 |
4498Hour |
c. Std Haour Allowed per Unit od Product= Std Hour Allowed/ Actual Unit Produced |
4498 Hour/ 3000=1.5 Hour |
Check my work Labor spending variance Labor efficiency variance $ 3,200 U $ 900 U Required: 1. For direct materials: a....
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